Seven Up Charity Charitable Incorporated Organisation
## FINANCIAL STATEMENTS
period ended 31 March 2024
Registered Charity Number 1179683
Charitable Incorporated Organisation
## **Seven Up Charity**
## **FOR THE PERIOD ENDED 31 March 2024**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees Report|2 - 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8 - 10|
1
## **Seven Up Charity**
Charitable Incorporated Organisation
# **REPORT OF THE TRUSTEES FOR THE FINANCIAL STATEMENTS**
**period ended 31 March 2024**
The trustees present their Annual Report and Financial Statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2019.
## **Structure, Governance and Management**
Seven Up Charity is a Charitable Incorporated Organisation (CIO) governed according to the Constitution dated 17 July 2018. It was established 28 August 2018.
|**Trustees**|Shabila Khan - Chair|
|---|---|
||Nazia Allen|
||Louise Dacre|
||Joan Hayden|
||Maureen Rahman|
||Jennifer Thomas|
||Tracey Varnam|
|**Registered Office**|All Saints Centre|
||2 Vicarage Road|
||Kings Heath|
||Birmingham|
||B14 7RA|
|**Bankers**|Unity Trust Bank|
||Nine Brindleyplace|
||Birmingham|
||B1 2HB|
## **Responsibilities**
The trustees are responsible for keeping sufficient accounting records, disclose with reasonable accuracy at any time the financial position of the charity, and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of Seven Up Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Membership of the CIO is restricted to its trustees. There must be at least three charity trustees, although there is no maximum number of charity trustees that may be appointed to the CIO. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity
2
trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Trustees will induct new trustees with a copy of the constitution and the CIO’s latest Trustees’ Annual Report and statement of accounts.
Decisions are made by simple majority of votes at a meeting of trustees or by resolution made in writing or in electronic form and agreed by all trustees.
The trustees confirm that due regard has been given to the Charity Commission guidance on public benefit.
Day-to-day management of the Charity’s affairs is delegated to the Development Lead, Simbi Folarin.
## **Objectives and Activities**
The objectives of the Seven Up Charity are:
For the public benefit, to help children and young people in Birmingham (and especially, but not exclusively, those who are disabled or who have mental health or other additional needs), in particular through providing inclusive play, youth and leisure time activities; so as to develop their capabilities, relationships and experience that they may grow as individuals, flourish and come to fulfil their potential as full and active members of society.
## **Achievements and Performance**
Seven Up Charity continues to offer a range of accessible, inclusive services, including: the delivery of alternate Saturday (two per month), play (5-10 years) and youth (12-25 years) sessions; holiday youth and play schemes; three weekly term–time afterschool play sessions at Hamilton Special School; daytime/weekday sessions for young adults who are NEET [Not in Employment, Education or Training], providing opportunities for volunteering, skills development and events. We are thankful for ongoing funding support from our main grant funders: Children’s Quarter, Laudau Limited, Birmingham Children’s Trust, and other neighbourhood funding.
2023-2024 has been a difficult year for Seven Up Charity to navigate. The difficulties faced by Birmingham City Council have introduced uncertainty within the voluntary sector in Birmingham. For the 2023-2024 year the pre-existing funding commitments were honoured. Review of funding will be inevitable and so this uncertainty will continue into the next financial year.
January 2023 was the end of our Reaching Communities three-year grant. Due to awaiting confirmation of council funding streams this has delayed continued funding resuming until April 2024.
We continue to manage a commissioned services at Hamilton School – a Friday in-school play session for a small group of children whose parents are not available to collect them at 1pm.
The Trustees have supported and taken part in a local ‘walking challenge’ for the charity in June 2023, enabling local accessible fundraising opportunity for parents and young people; they enjoyed it so much they are aiming to make it an annual event.
We are also grateful for the generosity of Jaguar Landrover and the Team at EE Birmingham Snowhill for gifting us with donations from their charity fundraising appeals.
Our work is possible through the ongoing relationships, partnerships and support we receive from: Dens of Equality, Children’s Quarter, Hamilton Special School, Reaching Communities, Spurgeons Charity, ATHAC
3
IAcces5 to Heritage Arts and Culturel. Crick Garden's CIC. and The Hive Ip.wgllery auarter. A big thank you
also for the commitment of our Trustee5; many of whom are dealing wrth personal difficult life situations.
Hnanclal Review
The results for the year and financial position a set out in the Statement of Financial Artivrties Ipage 61
and the Balance Sheet Ipage 71.
Trustee Remuneration & Related PartyTransactl¢s
No members of the management committee or trustees have receNed any remuneratlon during the year.
No trustee or other person related to the th•rlty had any personal interest iri any ¢ontract or trJnsa¢tlon
entered into by the charity during the year.
sk
The trustees have assessed the major risks to which the Charity is exposed. in particular wtth regard to
changing fundin8 Opportunities arising in the coming financial year.
Reserves Pollcy
The trustees have a8reed that funds should not be allowed to fall below the level of six months anticipated
expenditure, deemed necessary to cover runnin8 costs in the event of a major variatlon in circumstances.
Spare reserves and unrestricted funds are monitored quarterly.
Declaratlon
Thi5 report was approved by the trustees 27 July 2024 and slgnèd on their behalf by:
Trustee
Trustee
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **Seven Up Charity**
I have examined the accounts for the year ended 31 March 2024 on pages 6 to 9 following which have been prepared on the basis of the accounting policies set out on page 8.
## **Respective Responsibilities of Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with my examination, no matter has come to my attention
- 1 which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Mahmud Kasu 5 July 2024 Independent Examiner
49 Bayswater Road Perry Barr Birmingham B20 3AJ
5
## **Seven Up Charity**
Charitable Incorporated Organisation
## **Statement of Financial Activities (Incorporating the Income and Expenditure Account) FOR THE PERIOD ENDED 31 March 2024**
|Note
**INCOMING RESOURCES**
_Incoming resources from generated funds_
Voluntary income
2
Investment income
Total Incoming Resources
**RESOURCES EXPENDED**
Charitable activities
3
Governance costs
4
Total Resources Expended
**Net Movement in Funds**
Fund balances at 31 March 2023
**Fund balances at 31 March 2024**|Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2023
£
£
£
£
30,805
113,573
144,378
205,377
-
-
-
-
30,805
113,573
144,378
205,377
73,921
120,732
194,653
199,206
820
-
820
1,719
74,741
120,732
195,473
200,925
43,936
-
7,159
-
51,095
-
4,452
47,667
7,159
54,826
50,374
3,731
-
3,731
54,826|
|---|---|
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
6
Sèven Up Charlty
Balance Sheet
as at 31 March 2024
2024
2Ct23
FIXED ASSETS
Tangbble as8el$
CURRENT ASSETS
Debtors
Cash at bank Ono inve81ment attjxbnt)
2,043
3,617
5.860
61.483
61.483
CURRENT LIABIUTIES
abilities falling du• within om ye4r
Nel Current Assets
1,929
8,857
3.731
54,826
MET ASSETS
3.731
54,826
FUND 8ALAMCES
Unrestricted fvnds
General Funds
10
3,731
47.667
Restricted Funds
10
7,159
3.731
54,826
The8e fln•n¢ial ststemwts have been Pryred in accordw¢e *ith the Financ401 Reporting St¥ndords
for Smamer Entstb•S {effecbve janu 2015).
These flnandal statemerf$ ¥pwoved and siw•d on behaf of the trustees 27 Juty 2024.
Trustee
Tw#eè
Charitable Incorporated Organisation
## **Seven Up Charity**
## **Notes to the Accounts FOR THE PERIOD ENDED 31 March 2024**
## **1 Accounting Policies**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2019.
- The following are the accounting policies which have been applied in dealing with material items:
- a) Accounts are prepared on a going concern basis. b) Donation and grant income
- Donated income and grants receivable are taken into account when received by the charity.
- c) Interest arising on cash balances is recognised when credited. d) The Charity is exempt from taxation on income. e) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. Restricted funds are subjected to restrictions on expenditure imposed by the donor/funder.
- e) Fixed assets and depreciation
Fixed assets acquired are capitalised and depreciated over their estimated useful life unless they cost less than £1000 when they are written off on purchase.
|**2 Voluntary income**
Grants receivable:
Short Breaks for Disabled Children
Children in Need - Small Grants
Children's Qtr (inc HAF Funding)
Heart of England
Big Lottery - Reaching Communities
NNS - Perry Barr
NNS - Ladywood
NNS - Northfield
Landau Limited
Birmingham Sport & PA Trust
Other income:
General donations
Session donations
Invoiced services
Miscellaneous
**3 Charitable activities**
**Cost of charitable activities**
Staff wages / pensions & er's overheads
Other staff costs - DBS & training
Venue hire
Ground projects
Session equipment
Resources / workshops
Session transport
Project, Policy & Dev Consultancy
Insurance
Office rent and costs
Stationery / postage, IT & telephone
Printing, promotion & website
Bank charges
Other
**Charitable activity cost**|Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
-
71,167
71,167
55,049
-
-
-
10,487
-
6,382
6,382
9,344
-
1,964
1,964
-
-
-
-
106,878
-
4,500
4,500
-
-
5,030
5,030
-
-
500
500
-
-
19,235
19,235
-
-
4,795
4,795
-
8,554
-
8,554
193
6,600
-
6,600
7,295
15,651
-
15,651
16,131
-
-
-
-
30,805
113,573
144,378
205,377
Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
41,143
102,266
143,409
160,239
26,479
1,185
27,664
9,726
-
6,440
6,440
5,161
-
225
225
2,167
-
171
171
4,693
-
7,534
7,534
4,117
-
2,801
2,801
6,591
-
-
-
-
647
-
647
1,057
3,486
-
3,486
2,491
998
-
998
1,996
-
110
110
110
251
-
251
221
917
-
917
637
73,921
120,732
194,653
199,206|
|---|---|
8
## **Seven Up Charity**
Charitable Incorporated Organisation
## **Notes to the Accounts FOR THE PERIOD ENDED 31 March 2024**
|**4 **|**Governance costs**|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2024|2023|
|||£|£|£|£|
||Accounts and examination|700|-|700|950|
||Trustees management meetings|120|-|120|769|
||Legal expenses|-|-|-|-|
|||820|-|820|1,719|
|**5 **|**Paid employees**||2024|2023||
||Gross Wages (inc employer's NI/pension)||£
143,409|£
160,239||
||||143,409|160,239||
||No employee received emoluments of more than £60,000 per annum.|||||
||Average number of full-time equivalent employees:||2024|2023||
||Direct charitable work||5.50|6.50||
||Co-ordination / Administration||2.00|2.50||
||||8.00|9.00||
No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
|**6 Fixed Assets**
Equipment at cost
Accumulated depreciation
Add charge for year
Net book value
**7 Debtors and prepayments**
Debtors
Prepayments
Other (grants payable)
**8 Cash at bank and in hand**
Unity Trust Bank
Petty Cash
**9 Creditors: liabilities falling due within one year**
Grant funding prepayment
Accuals
Accruals: Governance|2024
2023
£
£
-
-
-
-
-
-
-
-
-
-
2024
2023
£
£
1,043
-
1,000
-
-
-
2,043
-
2024
2023
£
£
3,599
61,475
18
8
3,617
61,483
2024
2023
£
£
-
4,795
1,229
912
700
950
1,929
6,657|
|---|---|
9
## **Seven Up Charity**
Charitable Incorporated Organisation
## **Notes to the Accounts FOR THE PERIOD ENDED 31 March 2024**
## **10 Funds**
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
|are as follows:||||||
|---|---|---|---|---|---|
||Opening|Incoming|Outgoing|Transfers|Closing|
||balance|resources|resources|in the year|balance|
||£|£|£|£|£|
|Unrestricted & General Funds|47,667|30,805|74,741|-|3,731|
|Short Breaks for Disabled Children|-|71,167|71,167|-|-|
|Children in Need - Small Grants|7,159|-|7,159|-|-|
|Neighbourhood Network Schemes|-|10,030|10,030|-|-|
|Landau Limited|-|19,235|19,235|-|-|
|Birmingham Sport & PA Trust|-|4,795|4,795|-|-|
||54,826|136,032|187,127|-|3,731|
|The assets and liabilities represented by the various||funds are as|follows:|||
|Restricted funds|Bank
balances
£
-|Other net
assets
£
-|Total
£
-|||
|Unrestricted funds|3,617|114|3,731|||
||3,617|114|3,731|||
10